Search: Nominal interest rate
RBA Glossary definition for Nominal interest rate
Nominal interest rate – The nominal interest rate refers to the cost of borrowing money before adjustment for inflation i.e. it includes compensation for the expected erosion of the value of the borrowed funds due to inflation. It is the cost visible to the borrower, and is composed of the real interest rate plus inflation.
RBA Glossary definition for interest rate
interest rate – The term used to describe the cost of borrowing money or the return to the owner of the funds which are invested or lent out. It is usually expressed as a percent per annum of the amount of money borrowed, lent or invested.
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News and Interest Rate Expectations: A Study of Six Central Banks | Conference – 2004
9 Aug 2004
Conferences
The efficient market hypothesis suggests that interest rate futures incorporate all relevant information about future interest rates that is available at any point in time. ... We measure these using changes in daily implied interest rates from 90-day
https://www.rba.gov.au/publications/confs/2004/connolly-kohler.html
Discussion of The Economics of Low Interest Rates
29 Dec 2022
Conferences
PDF
2707KB
RBA Annual Conference 2022
https://www.rba.gov.au/publications/confs/2022/pdf/rba-conference-2022-mian-discussion.pdf
Discussion on Inflation Targeting and Japan: Why has the Bank of Japan not Adopted Inflation Targeting? | Conference – 2004
9 Aug 2004
Conferences
The transition to deflation differs from disinflation because of the zero lower bound in nominal wage growth, if any, and nominal interest rates. ... Whatever the deficiency, from Taka's point of view, of the Bank of Japan's commitment to keep nominal
https://www.rba.gov.au/publications/confs/2004/ito-disc.html
The Welfare Effects of Alternative Choices of Instruments and Targets for Macroeconomic Stabilisation Policy | Conference – 1997
21 Jul 1997
Conferences
If real interest rates are constant, variations in the inflation rate translate directly into variations in the nominal interest rate, and only the return to cash is affected. ... Short-term inflationary shocks – those that had no significant effect on
https://www.rba.gov.au/publications/confs/1997/quiggin.html
The Economics of Low Interest Rates
29 Dec 2022
Conferences
PDF
1053KB
RBA Annual Conference 2022
https://www.rba.gov.au/publications/confs/2022/pdf/rba-conference-2022-mian-presentation.pdf
The Evolving Structure of the Australian Financial System | Conference – 1996
9 Jul 1996
Conferences
to money-market rates and this means that the difference between the two is likely to be largest at the bottom of the interest rate cycle. ... Another factor influencing this relative cost of funds in the past few years has been the decline in inflation
https://www.rba.gov.au/publications/confs/1996/edey-gray.html
Twenty-five Years of Inflation Targeting in Australia | Conference – 2018
12 Apr 2018
Conferences
higher nominal interest rate structure. ... We also need to question whether the real interest rate structure has shifted lower permanently, because of permanently lower trend growth say, which would also shift down the nominal rate structure
https://www.rba.gov.au/publications/confs/2018/debelle.html
Discussion of Inflation and Interest Rates
27 Nov 2023
Conferences
PDF
230KB
RBA Annual Conference 2023
https://www.rba.gov.au/publications/confs/2023/pdf/rba-conference-2023-cochrane-discussion-presentation.pdf
Monetary and Macroprudential Policies: The Case for a Separation of Powers | Conference – 2018
12 Apr 2018
Conferences
Domestic lending, the most sensitive to domestic interest rates, was not the main source of the problem. ... Suppose, for example, that inflation is much too low but the monetary policymaker believes the zero lower bound on nominal interest rates has
https://www.rba.gov.au/publications/confs/2018/broadbent.html
Discussion of Fiscal, Monetary and Macroprudential Regimes: Incentives-Values Compatibility in Constitutional Democracies and Global Trends …
29 Dec 2022
Conferences
PDF
84KB
RBA Annual Conference 2022
https://www.rba.gov.au/publications/confs/2022/pdf/rba-conference-2022-tucker-del-negro-discussion.pdf